This Three Way NDA is essential for business transactions in Saudi Arabia where confidential information needs to be shared among three distinct parties. It is commonly used in joint ventures, merger discussions, complex service arrangements, or collaborative projects where multiple parties need access to proprietary information. The document ensures compliance with Saudi Arabian commercial law, including the Commercial Law (Royal Decree No. M/32) and data protection regulations, while adhering to Shariah principles. It provides comprehensive protection for all types of confidential information, including trade secrets, technical data, financial information, and business strategies. The agreement is particularly relevant for international transactions involving Saudi entities, as it addresses specific jurisdictional requirements while facilitating multi-party business relationships.
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1. Parties: Identification of all three parties to the agreement, including full legal names, addresses, and registration details if companies
2. Background: Context of the relationship between the three parties and purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant definitions
4. Scope of Confidentiality: Detailed description of what constitutes confidential information and how it is to be identified
5. Obligations of Confidentiality: Core confidentiality obligations of each party, including handling and protection of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law
7. Information Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information upon request or termination
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Survival of Obligations: Specification of obligations that continue after termination
11. Governing Law and Jurisdiction: Specification of Saudi Arabian law as governing law and jurisdiction for disputes
12. General Provisions: Standard provisions including entire agreement, amendments, and severability
1. Shariah Compliance: Explicit statement of Shariah compliance, recommended when one or more parties require explicit Shariah compliance confirmation
2. Electronic Storage: Specific provisions for electronic storage and transmission of confidential information, needed when information will be stored or transmitted digitally
3. Competitive Activities: Provisions regarding non-competition and restrictions on use of information, when parties are potential competitors
4. Data Protection Compliance: Specific provisions for handling personal data under Saudi data protection laws, required when confidential information includes personal data
5. Third Party Rights: Provisions regarding the rights of third parties, needed when confidential information may affect or belong to third parties
6. Language: Provisions regarding the controlling language version, needed when the agreement is drafted in multiple languages
7. Insurance Requirements: Obligations to maintain specific insurance coverage, relevant when handling particularly sensitive or valuable information
1. Schedule 1 - Description of Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used
2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access confidential information
3. Schedule 3 - Security Protocols: Detailed security measures and protocols to be followed by all parties
4. Appendix A - Categories of Confidential Information: Detailed categorization of different types of confidential information covered by the agreement
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Financial Services
Healthcare
Energy
Construction
Professional Services
Telecommunications
Real Estate
Education
Retail
Automotive
Mining
Agriculture
Defense
Entertainment
Relevant Teams
Legal
Compliance
Executive Leadership
Business Development
Project Management
Information Technology
Research and Development
Operations
Finance
Risk Management
Corporate Affairs
Information Security
Procurement
Strategic Planning
Relevant Roles
Chief Executive Officer
Chief Legal Officer
General Counsel
Legal Director
Business Development Manager
Project Manager
Contract Manager
Compliance Officer
Chief Financial Officer
Chief Technology Officer
Operations Director
Research Director
Technical Manager
Investment Manager
Partnership Manager
Information Security Officer
Risk Manager
Corporate Secretary
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